32.27 0.00 (0.00%)
After hours: 4:09PM EST
|Bid||32.27 x 1400|
|Ask||35.00 x 3200|
|Day's Range||31.19 - 32.40|
|52 Week Range||14.83 - 32.71|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||22.57|
|Earnings Date||Feb 11, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.43|
GREELEY, Colo., Oct. 30, 2019 -- Pilgrim’s Pride Corporation (NASDAQ: PPC) reports third quarter 2019 financial results. Third Quarter Highlights Net Sales of $2.78.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...
Shares of Sanderson Farms Inc. shot up 13% in active morning trading Monday, which puts the chicken processing company's stock on track for the best one-day performance in nearly 11 years, after Reuters reported late Friday that China will lift a ban on U.S. poultry as part of a partial trade deal. Trading volume topped 550,000 shares, already well above the full-day average of about 320,000 shares. The stocks of other companies in the chicken business also rose, with Tyson Foods Inc. up 3.2% and Pilgrim's Pride Corp. climbing 5.2%. "While any agreement still needs to be finalized, we view this as a clear positive for the U.S. poultry industry...as a lift of the import ban would provide a significant export market for U.S. producers and could provide support to U.S. chicken prices," analyst Peter Galbo and Bank of America Merrill Lynch wrote in a note to clients. He said the lifting of the ban one one of four scenarios in which poultry producers could benefit from African Swine Fever (ASF) occurring in China, which led to theculling of millions of hogs, as consumers may switch consumption to chicken from pork. Stephens Inc.'s Ben Bienvenu said that while the report of the ban being lifted is a "clear positive" for all three chicken processors, "Sanderson has the most quantifiable benefit given the company's robust disclosures detailed in its filings." The stock has soared 53.1% year to date, while the S&P 500 has gained 21.3%.
Benefits from strong brands, especially in the Prepared Foods category, is likely to show on Pilgrim's Pride's (PPC) Q3 performance. However, high input costs in Europe are a concern.
Pilgrim's Pride Corporation (PPC) concludes Tulip Limited's buyout from Danish Crown. This is likely to strengthen the company's geographic presence.
Brazil's JBS SA said on Tuesday that its subsidiary Pilgrim's Pride Corp concluded the acquisition of Tulip Ltd in the United Kingdom, where the company is seeking to strengthen its position in the market for pork. In a securities filing on Tuesday, JBS said Tulip's acquisition, valued at 290 million pounds ($367 million), was approved by Pilgrim's board and funded with cash.
Pilgrim's Pride (PPC) is gaining from strength in the Prepared Foods unit, expansion in the fresh foods space and efforts to improve supply chain.
Pilgrim’s Pride Corporation (PPC) (“Pilgrim’s” or the “Company”) today announced the completion of the previously announced acquisition of Tulip Ltd from Danish Crown. Tulip Ltd will operate as a business unit within Pilgrim’s. The transaction was unanimously approved by the Pilgrim’s Board of Directors and was funded with cash on hand, valuing Tulip Ltd at £290 million (or approximately $354 million based on a 1.22 exchange rate as of August 27, 2019).
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
Pilgrim’s Pride Corporation (PPC) announced today that it will host its third quarter 2019 earnings conference call and webcast on Thursday, October 31, 2019 at 7:00 a.m. MT (9:00 a.m. ET). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with Pilgrim’s executive management team. The Company’s primary distribution is through retailers and foodservice distributors. For more information, please visit www.pilgrims.com.
Hormel Foods' (HRL) Refrigerated Foods category is steadily growing on strong brand portfolio. However, rising input costs as well as weak turkey and grocery categories are concerns.
Sanderson Farms' (SAFM) sturdy prices in poultry products and solid export sales bodes well. However, high freight costs and soft demand for big bird boneless meat remain concerns.
The United States and Japan sign limited trade deal, bringing relief to U.S.-China trade war affected farmers and ranchers. Here are three stocks that can boost your portfolio.
Investors target stocks that have been on a bullish run lately. Actually, stocks seeing price strength have a high chance of carrying the momentum forward.
Though the United States and China have renewed trade talks, the trade war is dampening economy and investors' sentiment. These five stocks can help you ride out the trade tension.
The Zacks Analyst Blog Highlights: Digital Turbine, Boot Barn, Meta Financial, Hallmark Financial Services and Pilgrim's Pride